The global automotive industry experienced a 4% rise in patent filings in Q2 2023 compared with the previous quarter. The total number of grants dropped by 7%, resulting in overall patent publications increasing by 4.6%, according to GlobalData’s Patent Analytics. GlobalData’s Trends in Automotive reports help gain a comprehensive understanding of the market size, growth trends, breakthrough technologies, and key players driving innovation in the sector. Buy the report here.
Notably, the number of patent applications in the automotive industry was 103,066 in Q2 2023, versus 98,583 in the prior quarter. Filings were down 12% year-on-year and decrease 4% quarter-on-quarter. This compares to a 12% year-on-year decrease in patent grants and 4% rise in quarter-on-quarter.
Most patenting activity has been in the Machine Learning sector, where the number of patents filed Q1 2023 was 7156, a rise of 10% versus the previous quarter. The second-largest patent count was in Image Management (6683, up 6%) and then Wireless Networking in third (5596, up 2%).
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Robert Bosch Stiftung with 2,339, followed by LG with 2,329 and Toyota Motor with 2,310.
Patenting activity was driven by China with a 35% share of total patent filings
The largest share of patent filings in the automotive industry in Q2 2023 was in China with 35%, followed by the US (18%) and Japan (8%). The share represented by China was 6% higher than the 29% share it accounted for in Q1 2023.
For further understanding of GlobalData's Trends in Automotive, buy the report here.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
